Bank shares have climbed around the world this week following good news from Italy’s troubled financial sector, a clean bill of health from the Federal Reserve and the prospect of an earlier-than-expected end to easy-money policies that have long-depressed bank profits.

The KBW Nasdaq Bank index and the Euro Stoxx Banks index are each up about 4% for the week, even as headline bourses in the U.S. and the eurozone have recorded a small drop.